'How Will Blockchain Fix the Centralization of Data?' by pixelplexinc data centralizationofdata
'Blockchain' -- a relative unknown to the majority of Internet users and a familiar topic to you and me -- has an enormous potential to change how we interact with our devices, our daily transactions, and our respective governments. Several excellent books have been written on blockchain technologies that you should take a look at, but the one we will reference the most is written by George Gilder and is titled Life After Google.
This description is accurate and gets the point across - a blockchain is, in its most basic parts, a ledger that operates somewhat like the way our current Internet system works, distributed through a series of nodes . The goal of a blockchain Internet system is to distribute the information that is being centralized in massive servers to everyone connected to the network, through these same “nodes” that make the Internet network possible.
This deflationary nature caused Bitcoin to be treated more as an investment than as a transactional currency, eventually leading to the crypto bubble bursting in November of last year., when he said: “In order to have a standard of value [cryptocurrency] must stand outside all value schemes. It must be valueless in itself.”
Finally, the uses of the blockchain extend past our daily use of currency and our system of the Internet and into the very implementation of Democracy itself.
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